The September 30th Financials and Management Discussion & Analysis have been posted on SEDAR. I will be posting pertinent excerpts from the MD&A her for reading convenience.

CORPORATE ACTIVITIES

Cost Reduction Measures
The cost reduction program initiated by the Company in December, 2008, which included a 50% pay reduction for all management and staff, continued through the third quarter. For non-management employees, the Company’s work-sharing agreement with Human Resources Canada mitigated the financial hardship of the pay reduction and as a result the Company was able to retain its entire technical team in anticipation of resumption of normal activities before the end of the year. The Company’s cash outflows from operations for the quarter were 17% lower than in the previous quarter and 27% lower than in the same quarter of the previous year.

New Vice-President
Subsequent to the end of the quarter the Company appointed Thomas D. Lewis as Vice-President, Exploration and concurrently appointed Peter Theyer to its Technical Advisory Panel.

RESULTS OF OPERATIONS

[I will not reproduce the table in the MD&A.... there was a Net Loss in the 3 months of $352,800 and a write-down of $87,285 explained below.]

During the quarter the Company discontinued its exploration of the Iskwasum property in Manitoba and the related cumulative exploration costs of $87,285 written off.

Stock based compensation increased during the quarter and the first nine months of 2009 in comparison with the previous year, primarily as a result of the increase in market price of the underlying shares during the period, as compared to a decrease during the same period in the previous year.

Exploration activities and expenditures are discussed in a separate section of this Management Discussion and Analysis.

LIQUIDITY AND CAPITAL RESOURCES

At the end of September 30, 2009, the Company had $103,000 in general funds on hand compared to $593,000 at the end of September, 2008. The Company had restricted cash on hand at September 30, 2009 in the amount of $322,000 compared to $78,000 on September 30, 2008.

Cash flows resulted in a decrease of $118,000 in general funds during the third quarter of 2009, compared to a net decrease of $240,000 for the comparable period in 2008. The Company’s exploration programs in the third quarter of 2009 resulted in net costs of $114,000 (2008 - $312,000).

The Company has reviewed its cash flow projections for 2009 and believes that it will have sufficient funds to finance its operations throughout the year. This will be accomplished through financing and property activities, supplemented where appropriate with reductions in operating expenses.

The ability of the Company to fund its exploration projects is dependant upon its ability to obtain sufficient funding for its operations and is ultimately dependant on the recoverability of the amounts capitalized to mineral exploration properties......

EXPLORATION ACTIVITIES

Exploration programs at the Company’s projects are carried out under the supervision of Peter Theyer, Ph.D., P.Geo., who has reviewed and verified the technical content of this MD&A and qualifies under the definition of a “Qualified Person” as set out in the National Instrument 43-101.

Wildcat is currently focusing its exploration activities in the provinces of Manitoba and Saskatchewan. In Saskatchewan the Company is exploring the Foster River property for its base metal (zinc and lead) potential. In Manitoba there two areas are being examined - the Rice Lake greenstone belt and the Flin Flon - Snow Lake greenstone belt. In the Rice Lake greenstone belt area, Wildcat is evaluating the Jeep, Poundmaker, Mike Power, Siderock and Garner Lake properties for their gold and copper-nickel-PGE potential. In the Flin Flon - Snow Lake greenstone belt, the Reed Lake property is being targeted for its potential to host nickel, copper, platinum, palladium, lead and zinc mineralization.